News / K+N profits up as it eyes expansion in Asia Pacific – the 'global economic driver'

Kuehne + Nagel this morning reported a 9.3% increase in adjusted ebitda for 2019, on the back of higher ocean freight volumes and revenues.

It recorded group annual revenues of Sfr21.1bn (US$21.4bn) last year, a 1.5% increase over 2018, while adjusted group ebitda was Sfr1.3bn compared with Sfr1.2bn the year before.

Chief executive Detlef Trefzger said: “In a changing market, we continued to see our strategy yield success. In sea freight and overland, our focus on customer service, cost-effectiveness, operational systems and ...